Customers are not coming to the market, and those who come prefer to return empty-handed due to the high prices of the animals,” Zakaria, 21, told the AFP news agency. Khan’s cousin Zakaria brought 18 camels to market after good profits last year but has sold only one so far. Local media reports on Wednesday said the Pakistani government is discussing a $2.5bn “standby arrangement” for six to nine months with the global lender to prevent a default. The Muslim festival begins a day before the deadline for Pakistan to secure a $6.5bn bailout programme with the International Monetary Fund (IMF) expires on June 30. Hundreds of farmers have camped at livestock markets across Pakistan for weeks, hoping to sell animals before the annual holy festival, starting on Thursday.īut with rampant inflation – reaching a record 38 percent in May – markets are attracting smaller crowds.
Teenager Amanullah Khan teeters on his tiptoes, daubing towering camels with festive henna patterns to entice Eid al-Adha customers at a market near the Pakistan capital.
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